Software, Technology, and technology-enabled Businesses in the U.S.
Delivered June 11, 2020. Contributor: Jaqi K.
To provide the number of software businesses, technology businesses, and technology-enabled businesses in the U.S. that generate revenues of $1 million - $50 million, in order to understand the size of this segment of the market.
Estimate of Small Businesses in the Information Technology Industry in the U.S.
According to the Small Business Association (SBA), small businesses in the U.S.accounted for 99.9% of all U.S. businesses in 2019.
Assuming that this proportion is accurate for the software and IT services sector, then there are about 556,443 (99.9% of 557,000) small software and IT services businesses in the U.S.
The proprotion of the key categories in the U.S. IT industry are: software, 20%; devices and infrastructure, 17%; IT + business services, 30%; emerging tech, 13%; and telecom services 20%.
Summary of Findings
In this preliminary hour of research, we determined that information on the number of software businesses, technology businesses, and technology-enabled businesses in the U.S. generating between $1 million and $50 million in revenue is not publicly available.
We have used available information to triangulate a rough estimate of the number of software and IT services businesses with revenues of $50 million and below.
Only the project owner can select the next research path.